BitGo Surpasses $100 Billion in Crypto Custody as Global Adoption Accelerates

BitGo, a prominent digital asset custody firm, has seen its assets under custody (AUC) soar to over $100 billion in the first half of 2025—up from $60 billion just six months earlier. The rapid increase reflects a broader global trend toward cryptocurrency adoption, supported by clearer regulatory frameworks and growing institutional interest.

Founded in 2013 and headquartered in the United States, BitGo has become a major player in crypto infrastructure, offering services that span beyond secure storage to include trading, lending, and borrowing. A key driver of BitGo’s recent growth is the rise in staking activity, which now makes up roughly half of its custody portfolio. Staking allows crypto holders to participate in blockchain validation processes while earning passive income—an increasingly popular strategy as decentralized finance (DeFi) continues to mature.

BitGo’s momentum also comes on the heels of strategic investments and expansion. Valued at $1.75 billion after a $100 million funding round in 2023, the company is backed by major investors such as Goldman Sachs, DRW Holdings, Redpoint Ventures, and Valor Equity Partners. The firm is reportedly eyeing a public listing in the latter half of 2025, joining a wave of crypto companies exploring IPOs amid a shifting regulatory climate in the U.S.

International growth has also played a key role in BitGo’s trajectory. In late 2024, South Korean giants Hana Financial Group and SK Telecom acquired stakes in BitGo Korea, a joint venture that Seow says is “progressing well.” Additionally, the company expanded its operations into Dubai earlier this year, signaling its intent to strengthen its presence in emerging digital asset markets.